Studies in Economics and Finance: Volume 34 Issue 4

What determines the gold inflation relation in the long-run?

Satish Kumar

The author aims to examine the long-run dynamic relation between gold price and inflation in the Indian context from 1982 to 2015. The author measures inflation using consumer…

Global financial crisis, ownership structure and firm financial performance: An examination of listed firms in Australia

Ali Salman Saleh, Enver Halili, Rami Zeitun, Ruhul Salim

This paper aims to investigate the financial performance of listed firms on the Australian Securities Exchange (ASX) over two sample periods (1998-2007 and 2008-2010) before and…

Investigating the interlinkages between infrastructure development, poverty and rural–urban income inequality: Evidence from BRICS nations

Varun Chotia, N.V.M. Rao

The purpose of this paper is to investigate the relationship between infrastructure development, rural–urban income inequality and poverty for BRICS economies.

Inter-dependencies among Asian bond markets

Sowmya Subramaniam, Krishna P. Prasanna

The purpose of the paper is to investigate the global and regional influences on the domestic term structure of nine Asian economies.

Value-at-risk and expected shortfall using the unbiased extreme value volatility estimator

Dilip Kumar, Srinivasan Maheswaran

This paper aims to propose a framework based on the unbiased extreme value volatility estimator (namely, the AddRS estimator) to compute and predict the long position and the…

Stress test of banks in India across ownerships: a VAR approach

Sreejata Banerjee, Divya Murali

This paper aims to examine whether the Indian banking system is robust to withstand unexpected shocks from external and domestic macroeconomic factors after financial…

Valuation of the worldwide commodities sector: The role of market-to-book and return on equity

Marcelo Bianconi, Joe Akira Yoshino

This paper aims to empirically investigate the market-to-book/return on equity valuation model.

Asynchronous ADRs: overnight vs intraday returns and trading strategies

Jamie Kang, Tim Leung

The purpose of this study is to analyze the overnight and intraday returns of the most traded American Depositary Receipts (ADRs) of Asian companies, understand the different…

Do Portuguese mutual funds display forecasting skills?: A study on selectivity and market timing ability

Nuno Manuel Veloso Neto, Júlio Fernando Seara Sequeira da Mota Lobão, Elisabete Simões Vieira

This study aims to evaluate the performance of the Portuguese fund managers by examining the selectivity and market timing skills of 51 Portuguese mutual funds from June 2002 to…